Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,691 shares of the specialty retailer’s stock after selling 1,711 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ulta Beauty were worth $39,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Investment Partners LLC increased its stake in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares in the last quarter. Stonegate Investment Group LLC boosted its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after buying an additional 35 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.9 %

Shares of Ulta Beauty stock opened at $359.47 on Friday. The stock has a market capitalization of $16.67 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34. The business’s fifty day moving average price is $373.67 and its 200 day moving average price is $386.31. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.08 EPS. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULTA. JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Monday, March 10th. Canaccord Genuity Group reduced their target price on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, Citigroup reduced their price objective on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $427.13.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.